The earnings call reflects a strong start to 2025, with Ellington Financial maintaining dividend coverage and successfully executing securitization deals. Despite some challenges in the Longbridge segment due to interest rate hedge losses and seasonal declines, the overall performance was positive with strong contributions from loan affiliates and securitization activities. The company is well-positioned for future opportunities amidst market volatility.

Company Guidance -

Q3 2025

During the Ellington Financial First Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics. They reported a GAAP net income of $0.35 per share and adjusted distributable earnings (ADE) of $0.39 per share, which covered their dividends. The company's recourse leverage decreased to 1.7:1 from the previous year-end level of 1.8:1, with their total long Agency RMBS portfolio declining by 14% to $256 million. Book value per common share was reported at $13.44, and the total economic return for the first quarter was 9.5% annualized. Ellington Financial highlighted that, despite market volatility, their diversified portfolio and strategic moves like securitizations and asset sales positioned them well for ongoing growth. They also mentioned the addition of two new loan financing facilities and a 31% increase in their Longbridge portfolio, driven by proprietary reverse mortgage loan originations.

Solid First Quarter Performance

Ellington Financial reported a GAAP net income of $0.35 per share and adjusted distributable earnings of $0.39 per share, continuing to cover dividends.

Successful Securitization Activity

Five new securitization deals were priced in the first quarter, securing long-term, non mark-to-market financing at attractive terms, and expanding the portfolio of high-yielding retained tranches.

Low Recourse Leverage

Maintained a low recourse leverage at 1.7:1, slightly lower than the year-end level of 1.8:1, due to significant securitization activity and opportunistic asset sales.

Positive Contribution from Loan Originator Affiliates

Non-QM originator affiliates, such as LendSure and American Heritage, provided a strong flow of products and profitability, contributing nicely to the bottom-line.

Progress in Commercial Mortgage Workouts

Notable progress was made on commercial mortgage workouts, with significant resolutions reducing negative carry assets and freeing up capital.

Increase in Credit Hedges

Built up credit hedges considerably, with corporate credit hedges alone representing a short position of over $450 million in high yield corporate bonds.

Ellington Financial (EFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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EFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.41 / -	0.4	―	―	―
Jul 30, 2025	2025 (Q2)	0.40 / 0.47	0.33	42.42% (+0.14)	―	―
May 07, 2025	2025 (Q1)	0.39 / 0.39	0.28	39.29% (+0.11)
Feb 27, 2025	2024 (Q4)	0.38 / 0.45	0.27	66.67% (+0.18)
Nov 06, 2024	2024 (Q3)	0.37 / 0.40	0.33	21.21% (+0.07)
Aug 06, 2024	2024 (Q2)	0.35 / 0.33	0.38	-13.16% (-0.05)
May 07, 2024	2024 (Q1)	0.36 / 0.28	0.45	-37.78% (-0.17)
Feb 26, 2024	2023 (Q4)	0.40 / 0.27	0.42	-35.71% (-0.15)
Nov 07, 2023	2023 (Q3)	0.43 / 0.33	0.44	-25.00% (-0.11)
Aug 07, 2023	2023 (Q2)	0.45 / 0.38	0.41	-7.32% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$12.84	$12.69	-1.17%
May 07, 2025	$12.40	$12.55	+1.21%
Feb 27, 2025	$12.53	$13.65	+8.94%
Nov 06, 2024	$10.99	$11.34	+3.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ellington Financial LLC (EFC) report earnings?

Ellington Financial LLC (EFC) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is Ellington Financial LLC (EFC) earnings time?

Ellington Financial LLC (EFC) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EFC EPS forecast?

EFC EPS forecast for the fiscal quarter 2025 (Q3) is 0.41.

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